The next chapter in the long-running saga of the Chicago Spire site will be written during the next few weeks, as creditors get their say in developer Garrett Kelleher's plan to exit bankruptcy protection and restart the project, the Chicago Tribune reported today. During hearings in bankruptcy court last week, Judge Janet Baer approved the distribution of Shelbourne North Water Street LP's proposed bankruptcy plan to creditors for voting. She also established the timetable for how events will unfold this fall to determine who will control the future of the coveted site at 400 N. Lake Shore Drive. By Sept. 29, creditors must submit votes on the plan and all objections to it must be filed. A hearing on the plan’s confirmation is scheduled for Oct. 7.
